Commissioner Of Income Tax v. Karnataka Castings

2024:MHC:3722 T.C.A.No.418 of 2012

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 30.10.2024 CORAM :

THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No.418 of 2012 Commissioner of Income Tax Chennai.

.. Appellant vs Karnataka Castings 348 A Madhavaram Red Hill High Road Madhavaram, Chennai - 60 .

.. Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras D Bench, dated 25.6.2012 in ITA 1195/Mds/2011.

For Appellant :

Mr.J.Narayanasamy For Respondent :

Mr.G.Tarun, for Mr.S.Sridhar https://www.mhc.tn.gov.in/judis 1/2

T.C.A.No.418 of 2012 DR. ANITA SUMANTH.,J.

and G. ARUL MURUGAN.,J.

JUDGMENT

(Delivered by Dr. ANITA SUMANTH.,J) Mr.J.Narayanasamy, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue this appeal qua assessment year 2007-2008 and seeks withdrawal of the same on account of the low tax effect per Circular bearing No.9 of 2024 dated 17.09.2024.

2. Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs.

[A.S.M., J] [G.A.M., J] 30.10.2024 Index:Yes/No ssm T.C.A.No.418 of 2012 https://www.mhc.tn.gov.in/judis 2/2